Janney Montgomery Scott LLC Takes Position in Cinemark Holdings, Inc. (NYSE:CNK)

Janney Montgomery Scott LLC bought a new stake in shares of Cinemark Holdings, Inc. (NYSE:CNK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,289 shares of the company’s stock, valued at approximately $257,000.

A number of other large investors have also recently made changes to their positions in the stock. Aigen Investment Management LP lifted its stake in Cinemark by 198.9% in the third quarter. Aigen Investment Management LP now owns 49,400 shares of the company’s stock worth $1,375,000 after acquiring an additional 32,870 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Cinemark by 88.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,239 shares of the company’s stock worth $1,733,000 after acquiring an additional 29,295 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Cinemark in the third quarter worth about $1,960,000. Entropy Technologies LP purchased a new stake in Cinemark in the third quarter worth about $893,000. Finally, Blueshift Asset Management LLC lifted its stake in Cinemark by 180.2% in the third quarter. Blueshift Asset Management LLC now owns 114,674 shares of the company’s stock worth $3,193,000 after acquiring an additional 73,747 shares during the period.

Cinemark Stock Performance

CNK opened at $31.86 on Thursday. Cinemark Holdings, Inc. has a 52-week low of $14.68 and a 52-week high of $36.28. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 3.46. The company has a market cap of $3.90 billion, a P/E ratio of 20.55 and a beta of 2.38. The firm’s 50-day moving average price is $30.73 and its 200-day moving average price is $29.45.

Analysts Set New Price Targets

A number of brokerages have commented on CNK. Wedbush downgraded shares of Cinemark from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Cinemark from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. StockNews.com upgraded shares of Cinemark from a “sell” rating to a “hold” rating in a report on Sunday, November 10th. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Cinemark in a report on Friday, January 10th. Finally, Macquarie boosted their target price on shares of Cinemark from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.80.

Cinemark Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.